The Newman Government has given the green light to what will be one of Australia’s biggest mines, the $6.4 billion Alpha Coal Project in Queensland’s Galilee Basin.
The LA Times had a feature story on the weekend centred around venture capitalist David Badner, who is buying up defunct gold mines in Colorado in hopes of capitalizing on the high gold price.
Copper edged higher on Monday on hopes of more stimulus from China, and after Greek conservative parties topped opinion polls, helping calm fears over contagion should Athens default on its debt and leave the euro.
Argentina's government tightened controls on imports of equipment and supplies by mining companies on Monday in a new measure to boost the trade surplus and foreign currency stocks.
For many years now gold and silver -by its pattern of following gold wherever it goes- have been treated by traders, investors and central banks as a 'counter to the U.S. dollar' and quite rightly so; this definition, however, applies primarily to the long-term value of the dollar and not simply to the daily gyrations of the dollar's exchange rate.
A meeting of top South African mining stakeholders is to take place in Midrand involving mining companies, trade unions and government with the intention of finding a consensual way forward for the country's key mining industry.